Australian Manufacturing stabilises in November

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) declined by 4.2 points to 52.1 in November, indicating expanding conditions but at a slower rate than in October (readings above 50 points indicate expansion in activity, with higher results indicating a faster rate of expansion). Ai Group chief executive Innes Willox said, “The […]

02/12/2020 - 13:21 pm

Australian PBI reports business conditions slump again in August

The Australian Industry Group Australian Performance of Business Index (Australian PBI) fell by 2.1 points to 42.6 in August, pointing to a further contraction in activity and at a faster pace than in July as renewed activity restrictions and border closures took effect (results below 50 points in the Australian PBI indicate deteriorating business conditions, […]

07/09/2020 - 08:39 am

Positive start to the new financial year for manufacturing

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) rose by 2.0 points to 53.5 in July, indicating a more convincing expansion as Australian manufacturing landed in positive territory for two consecutive months for the first time since October 2019 (readings above 50 points indicate expansion in activity, with higher results indicating a […]

03/08/2020 - 20:52 pm

Australian PBI: Business conditions still negative in June  

The Australian Industry Group Australian Performance of Business Index (Australian PBI) lifted by 1.8 points to 33.6 in June, pointing to a further contraction in activity in response to the COVID-19 pandemic but at a slightly slower pace than in May (results below 50 points in the Australian PBI indicate deteriorating business conditions, with lower […]

07/07/2020 - 09:36 am

Australian PMI: Manufacturing contraction eases in May

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) recovered by 5.8 points to 41.6 in May, after experiencing the largest single-month drop in the index’s history in April (readings below 50 points indicate contraction in activity, with lower results indicating a faster rate of contraction). The manufacturing industry remained in deep contraction […]

04/06/2020 - 02:17 am

Credit support and RBA rates cuts welcome

“Ai Group strongly welcomes the initiatives taken by the Prime Minister and the Government, particularly their backing of small business, and the welcome support of credit and cut in interest rates by the Reserve Bank,” said Innes Willox, chief executive of the national employer association Ai Group. “The measures to facilitate lending to small and […]

19/03/2020 - 13:01 pm

Australian PMI: Manufacturing stumbles into 2020

The Australian Industry (Ai) Group Australian Performance of Manufacturing Index (Australian PMI) dropped 2.9 points to 45.4 in January, a third consecutive month of contraction that marked the lowest monthly result since 2015 (readings below 50 points indicate contraction in activity, with the distance from 50 indicating the strength of the contraction). January is traditionally […]

05/02/2020 - 10:40 am

Action needed to address a slowing economy

The Australian Industry Group’s latest CEO survey predicts deteriorating economic conditions for 2020 heightening the need for early action to stimulate the broader economy and for a determined effort to lift productivity. Ai Group’s annual Business Prospects report for 2020 is based on a survey of 252 CEOs in late 2019. The results show that […]

29/01/2020 - 16:09 pm

Australian PMI: Manufacturing downturn adds weight to calls for fiscal stimulus

The Australian Industry Group Australian Performance of Manufacturing Index (Australian PMI) increased slightly by 0.2 points to 48.3 in December, marking two consecutive months of contraction in the Australian PMI for the first time since mid-2015 (readings below 50 points indicate contraction in activity, with the distance from 50 indicating the strength of the contraction). […]

06/01/2020 - 11:36 am

Positive start to new financial year for manufacturing

The Australian Industry (Ai) Group Australian Performance of Manufacturing Index (Australian PMI) rose 1.8 points to 53.1 in August, driven by increasing levels of production and rising exports*. Ai Group chief executive Innes Willox said, “Stronger production, sales, and employment combined in a small though encouraging lift in the Australian PMI for August. While it […]

03/09/2019 - 07:45 am

New Issue

LHA Summer 2023

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